Jeff S.
How many flips per year, after holding a year, and keep cap gain rate?
19 October 2013 | 25 replies
How is intent judged aside from hard evidence?
Bryce Christensen
Newbie stumbled into a Preforeclosure
10 April 2014 | 14 replies
Not something anyone I know would do unless the equity was amazing and there was strong evidence of ability to repay.
Katie Morneau
Buying an rv park and rv park investing
26 June 2022 | 9 replies
Most long term parks require tenants to fully skirt their RV and most tenants who really are staying long term will build an addition, deck or patio, install a storage shed, create a garden, and show other evidence that they have made this their permanent home.
Patrick Moore
Fha live in strictness
3 December 2016 | 12 replies
Chapter Two describes these relationships, which include (but may not be limited to) the following: spousesparentschildrensiblingsstepchildrenaunts-unclesnieces-nephews...and, according to Chapter Two of HUD 4155.1, unrelated individuals who can document evidence of a longstanding, substantial family-type relationship not arising out of the loan transaction.https://www.fha.com/fha_article?
Bobby Narinov
How to collect Property Damages made by Drunk Driving Tenants
9 December 2016 | 7 replies
They had to use a crane to pull it back.The police came, collected evidence and I hope her insurance will pay for the car damage of the other tenant.I served them immediately with 3 day notice.
Paul Lachaud
Negotiating after Home Inspection
19 December 2016 | 5 replies
Heats all 4 unitsOwner pays gas for heating in all 4 units (There are 4 individual meters in the house for stoves, and 1 house meter for heat and dryer)Generates heat by creating steam that ciruclates in radiators in all unitsTenants have no control, it is regulated by a thermocouple outside the houseGet a Structural Assessment Termite Treatment Evidence of termite treatment in the past (dug out tunnels)Evidence of new tunnels, though they are likely inactive due to cold.Fire Damage in back corner of basement, everything is replaced but some joists in opposite corner so beyond surface damage (he recommended I get records of the work done)Cracks inside and outside on second floorRoof- recommends consulting a roof contractor Overall good Damage over the entry wayGet Main sewage pipes scoped.
Alan Brown
recaptured depreciation is killing me! accountant help
12 April 2017 | 50 replies
@Natalie KolodijNot 100% true, strictly speaking. per section 1250(b)(3):... if the taxpayer can establish by adequate records or other sufficient evidence that the amount allowed as a deduction for any period was less than the amount allowable, the amount taken into account for such period shall be the amount allowed...HOWEVER, as I mentioned above, (per section 1016(a)(2)) you adjust the basis by the allowable depreciation - which means you would have to pay capital gains on the value of the allowable depreciation without ever having taken a deduction for the depreciation.Taxes are easy. :-0
Sean Salandy
Time period for Hard Money Draws
5 May 2017 | 5 replies
Usually, it takes anywhere from 48 hours to 10 days to draw documents & fund the deal, and the HML usually can not draw docs or fund they we have all the required details from the borrower such as verification of down payment (if required), copies of company papers if purchasing in a company name, as well as a title commitment, closing protection letter, wiring instructions, and evidence of vacant dwelling insurance.
John Hickey
Snake oils, gurus, “investment advisers”, experts. BP can do more
16 September 2019 | 112 replies
I agre with @John Hickey in that some of the posts here on BP are bad advice and that becomes pretty evident to experienced investors.
Matthew Purvis
ESA letter from new mid-term tenant
28 December 2022 | 13 replies
I have video evidence from my security cameras outside looking at the building and the cat is sitting in the window.